CAPE TOWN - Government has no interest in selling the South African Post Office , especially not to former CEO Mark Barnes.
Responding to questions from MPs on Wednesday, Ntshavheni said there was no need to privatise the state-owned company.
Barnes penned an open letter to Communications Minister Khumbudzo Ntshavheni where he offered to buy a majority stake in the struggling company.Ntshavheni said the state was not interested in Barnes's offer, saying he failed to turn around the post office. "Where I’m sitting, given the period where Mr Markes Barnes was the CEO of Sapo, I start to wonder whether he did not cripple Sapo so he could later come back and want to buy Sapo. Because he wants 51% of that Sapo in what we call in business throwing the javelin. So I’m not comfortable talking about Mr Mark Barnes."
She added the company must be given an opportunity to fix itself through a partnership with the private sector.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All South African learners to get a free government e-mail addressCommunications minister Khumbudzo Ntshavheni said every South African learner will get a free, government-supplied e-mail address, with the project to kick off later this year.
Read more »
Court to decide South African power securityA court hearing that started Tuesday will determine whether South Africa can move forward with a project to top up its energy capacity after a year of record power blackouts. The ruling will also be critical for the businessman who blocked the plan with his lawsuit.
Read more »
2 South African billionaires climb global wealth rankingsHurun Report has published its annual rich list, ranking over 3,300 billionaires from 2,500 companies and 69 countries – including South Africa.
Read more »
World's Most Violent Cities: Four South African names make the listWorld's Most Violent Cities: Four South African names make the list Four SA cities feature in the top 50 Most Violent Cities list compiled by the Mexican Council for Public Security and Criminal Justice.
Read more »
SCOFF: The peculiarly South African story of kitkeKitke is a spiritually significant, deeply delicious braided bread garnished with South African stories.
Read more »
BOOK EXCERPT: ‘Masters of Money’: Lessons on success from South African CFOsIn Masters of Money, chartered accountant and entrepreneur KC Rottok Chesaina interviews 31 CFOs from South Africa’s top companies, most JSE-listed, to uncover their strategies for success.
Read more »